KARACHI — Gold and silver prices fell in Pakistan on Friday after a two-day gap, tracking a decline in the international bullion market that pushed local precious metal rates lower.

According to market data, the gold price in Pakistan dropped by Rs2,900 per tola in the domestic bullion market, reflecting a fall in global gold rates.

In the international market, gold declined by $29 per ounce to $5,176. The drop in global prices influenced trading in Pakistan, where bullion rates closely follow international market trends.

Following the decline, the price of gold per tola in Pakistan settled at Rs540,362. The rate for 10 grams of gold also decreased by Rs2,486, reaching Rs463,273.

Silver prices recorded a similar downward movement. The price of silver per tola fell by Rs179 to Rs9,175, while the rate of 10 grams of silver dropped by Rs153 to Rs7,866.

The decline comes a day after gold posted strong gains in the local market. On March 12, the gold rate in Pakistan had increased by Rs3,700 per tola as global bullion prices moved higher.

Gold price in Pakistan rises by Rs3,700 per tola on March 12 as global bullion gains

Market observers say fluctuations in international bullion markets continue to influence precious metal prices in Pakistan, with local rates adjusting in response to global trends and currency movements.